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Indorama Ventures’ Lake Charles olefins unit to start up in 1Q 2018

HOUSTON, November 9, 2017 (PCW) – Thailand’s Indorama Ventures said Thursday its 968 million lbs/yr olefins unit at Lake Charles is 95% mechanically complete and commissioning should be done in the next few months. Start-up is scheduled for 1Q 2018.

The unit was originally set to begin operations by the end of the year.

The cracker can only produce some 44 million lbs/yr of propylene. It should consume some 28,000 b/d of ethane and about 1,500 b/d of propane, according to PetroChem Wire estimates.

Indorama on Thursday reported 3Q net income of $137 million, up 68% from the year-ago period. This was due to higher operating rates and resulting stronger volumes. -- Samantha Hartke

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